Stock Market & Financial Investment News

Wuxi Suntech loses lawsuit against ZKenergy ZKenergy Science & Technology announced that the company has won the lawsuit against Wuxi Suntech Power over contract disputes and received the Notice of Judgment on July 23, in reference to Case Sushang First Trial-00022. ZKenergy filed a lawsuit against Wuxi Suntech on September 1, 2014, alleging that the latter failed to perform its obligations under the terms of Solar Module Sales Contract and the supplementary agreement, and requiring Wuxi Suntech to restitute the payment totaling RMB 206M and to be liable for breach of the agreements. ZKenergy received the notice that the court had agreed to hear the case on September 3, 2014. Wuxi Suntech filed a counterclaim to ZKenergy's claim on December 25, 2014, requiring ZKenergy to pay its loss of RMB 246.6M.

First Solar pullback since June a buying opportunity, says JPMorganJPMorgan analyst Paul Coster views the 20% pullback in shares of First Solar since mid June as a buying opportunity. Coster keeps an Overweight rating on the stock ahead of the company's Q2 results. He looks for Firs Solar's FY15 guidance, which was suspended since the company announced its intentions to form a YieldCo, to be reinstated. The analyst has a $68 price target on shares.

Canadian Solar signs $28.35M credit agreement with Rabobank Hong KongCanadian Solar announced that it has signed a JPY3.5B or $28.35M, credit facility agreement with Rabobank Hong Kong. The credit facility has a two-year maturity and will be used to finance the construction of an initial portfolio of up to 20 MWp of Canadian Solar's solar power plants in Japan.

Canadian Solar identified as top solar pick at Roth CapitalRoth Capital identifies Canadian solar as a top pick in the solar space, citing its leading position among peers this cycle in transforming its business model to focus on downstream and the company’s limited exposure to China. The firm keeps a Buy rating on the shares.

Canadian Solar completes Grand Renewable Solar ProjectCanadian Solar announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., reached substantial completion on its 100 MW AC utility-scale Grand Renewable Solar Project. This project, located in the county of Haldimand, consists of approximately 445,000 CS6X MaxPower high-performance Ontario-made modules, and carries the proud distinction of being the largest operational solar farm in the nation.

SunPower to build 100 MW solar power plant for NV Energy SunPower has signed a 20-year power purchase agreement with NV Energy to build a 100 MW solar photovoltaic power plant planned for construction in the Eldorado Valley of Boulder City, Nevada. The project is expected to create approximately 200 jobs during construction, which is anticipated to commence before the end of 2015, with commercial operation planned in 2016. SunPower acquired the project from KOMIPO America earlier this year.

Dominion and SunPower partner to supply solar power to New Jersey homeownersDominion (D) subsidiary Dominion Retail and SunPower (SPWR) announced a collaboration of the two companies to offer SunPower solar power systems to New Jersey homeowners. Dominion will provide program details to residents through a marketing campaign scheduled to begin this summer.